One of the biggest challenges for any entrepreneur is calculating the start up business
costs for a company that is still on the drawing board. The list of costs that is prepared
here is based on those that would be accrued by a generic start up company. But the list
should supply you with a flexible template that you can use to calculate your own start
up business costs.
Research
Any paid research to assess your potential market, as well as any professional research
needed to substantiate you choices for a company name as well as any other names that
need to be vetted: product names, trademarks, domain names, etc.
Business Plan / Loan Proposal
Any fees that will be paid if you hire someone to write your business plan, loan
proposal, or any other documentation for obtaining financing.
Company structure
Costs to organize the company as a corporation, LLC, limited partnership, etc. This
would also include money to pay for company bylaws and any other official
documents that may be required, depending on the type of company organization you
select.
Professional assistance
Retainer for an accountant, lawyer or any other professional you will need to use to
perform tasks during the start up phase.
Operating permits and licenses, as well as insurance.
Running Costs
Salaries
Employee benefits
Rent
Technology
Utility bills
Phone bills
Other communication costs
Website design and maintenance
Advertising
Marketing
Accounting/bookkeeping
Postage
Etc.
Additional Costs - depending on business
Production equipment
Materials and supplies
Design
Packaging
Customer service
Direct sales
Shipping